During the year to 31 March 2022, a company which qualifies as medium-sized spends 180,000 on research
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During the year to 31 March 2022, a company which qualifies as medium-sized spends £180,000 on research and development. This is qualifying expenditure under the R&D tax relief scheme. Explain the corporation tax treatment of this expenditure.
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The company may deduct 414000 180000 230 in relation to this RD expenditure when comput...View the full answer
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